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Land Contract #2565 between Fred Conrad and Close Brothers & Company, Pipestone County, Minnesota

•A_M_D CONTRAOT.
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hi.tw,://^ LOUTH .MIJ.J_J-SQTA.JLAMD.CPi.L!it-__f the first parted
: g ^, ^ £ ,r..y.^.y.........,i pgs
-_^/--._____-'-_---^x-. *' <. •. state of..yx^^-r^^^^^yT/yyzz
... County of
, of the second part, WITNESSETH: That
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in .consideration of tho stipulations herein contained, and tho payments to be made as is hereinafter specified, the first party hereby
agrees to sell unto tho second party, -\.a.C77Zy-Z-2.ySZy__<cZ_XyZ,__ _1 Al..
of Section No.v/-' -in Township 1So.-S-..Z?. —.North, Range No..._*7_r.y?. West of the fifth principal meridian,
containing, according to the United^tates Survey. _---a-^<-W^-r^^?^/—<_l^/—_C-'- -_-_r_ acres, be the same
T^ZZy- &&JDOLL ARS,
.DOLLARS
more or less, for the sum of
on which the said second party hath paid the sum of. JZZZy.
on nccount of tho principal.
And the said socond party, in consideration of the premises, hereby agrees to pay to the said first party, at the office of
Close Bros. & Co., at Chicago, 111., the following sums of principal and interest, at the several times named below.
WHEN DUE.
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INTEREST.
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AMOUNT.
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EVIDENCE OF PAYMENT.
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And the Hiiid hccoiuI party horeby further agrceB and obligates—_-^^?-jtr?C-?-C_-^..-^ and assigns, that all
improvements placed upon said premises shall remnia thereon nnd shall not be removed or/destroyed, until final payment for said
lands. And furthor that ..ZX.X. .'.will punctually pay said sums of money above specified, as each of the same becomes due;
and that Z,..Z. will regularly and seasonably pay all Buch taxes and assessments as may be lawfully imposed upon said
premises. And if tlie said party of the second part fails to pay the said taxes and assessments before the same become delinquent, the
Ii, nt. party may pay the same, and tho amount so paid shall be immediately due from the second party as part of the purchase money
,,l the naiil land, and shall draw interest at the rate of eight per cent, per annum until paid, but the payment of any tax by the
Iii sf party shall not be a waiver of the forfeiture or the right to declare or enforce the forfeiture for the non-payment by the party of the
peoond part, of suoh taxes, or for any other default.,? yp
And in oase the Baid second party, ...ZX^y^a. legal representatives, or ...^AeZ.—^Ag. assigns, shall pay the
several suniB of money aforesaid, punctually and at the several times above limited, and shall strictly and literally perform all and
singular the agreements and stipulations aforesaid, after their true tenor and intent, then the first party will make unto the said
second party,. ___>_ —___'i- heirs or assigns (upon request at the office of Close Bros. & Co., at Chicago, 111., and the surrender
of this contract), a deed conveying snid premises in fee simple with the ordinary covenants of warranty, excepting, however, such
Incumbrances aH may be placed thoreon by the location of public highways, railroads, or other public use, or from taxes becoming
due after date of this contraot, or that may attach thereto by reason of some act or thing done or suffered by the party of the
second part.
Hut in enso tho second party shall fail to make the payments nforesaid, or any of them, punctually and upon the strict terms
and times aliove limited, and HkewiBO to perform and complete all and each of the agreements and stipulations aforesaid, strictly
and literally, without any failure or default, the time of payment being the essence of this contract, then the party of the first
part shall have the right to declare this contract null and void, and all right and interest hereby created or then existing in favor
of tlie second party, or derived under this contract, shall utterly cease and determine, and the premises hereby contracted shall
revert to and revest in said firBt party (without any declaration of forfeiture, or act of re-entry, or without any other act by said
lirHt party to bo porformed, and without any right of said seoond party of reclamation or compensation for moneys paid and
Improvements made), as absolutely, fully and perfectly as if this contract had never been made. And if in case of default of any
of the conditions or payments above mentioned, the party of the first part shall commence any action or legal proceedings either
to enforce the forfeiture or foreclose the interest of the party of the second part, or collect the amount due thereon, or to obtain
possession of snid premiBOB, or restrain tho removal of any improvements therefrom, the Baid party of the second part hereby agrees
to pay a reasonable attorney's fee for the commencement or prosecution of such action, and the same shall be assessed and taxed
by the court, and the party of tho first part Hhall have judgment therefor, to be paid or collected the Bame as the purchase price
of the land.
And it is further stipulated that no assignment of the premises shall be valid unless the same shall be endorsed hereon, or
permanently nttaohed hereto, and approved by the first party, (for which purpose this contract must be sent to th_ office of
Close BroB. t& Co., Chicago, 111.) and that no agreements or conditions or relations between the second party and --r______r_f_
iiHHigiiH, or any other porson acquiring title or interest, from or through -^_z^--^-^r?__r7___._shall preclude the first party from the
right to convey the premises to said second pnrty, or ..Zr..r..y. assigns, on the surrender of this agreement and the payment, of the unpaid portion of tlio purchase money which may bo due to the first party.
In Witness of which the said parties have oaused these presents to be executed and delivered in duplicate, the day and year
above written. y
Witness-
^> \ yx yrc /SOUTH MINNESOTA LAND CO,. Ld,
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Witness
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FACT.
■ I'nrabaser will be entitled i„ I dee, when one-third „t purchase money Is pnid, and notes secured by mortgage bearing interest at eight per cent per
In 11 in payable annually, arc given toi ilic balance, Bald mortgage to be a tir-t lien on the premises

•A_M_D CONTRAOT.
*y
No"
_:
in .consideration of tho stipulations herein contained, and tho payments to be made as is hereinafter specified, the first party hereby
agrees to sell unto tho second party, -\.a.C77Zy-Z-2.ySZy____
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... _ is?..?
.._ Z7&AX
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INTEREST.
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AMOUNT.
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EVIDENCE OF PAYMENT.
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3C
And the Hiiid hccoiuI party horeby further agrceB and obligates—_-^^?-jtr?C-?-C_-^..-^ and assigns, that all
improvements placed upon said premises shall remnia thereon nnd shall not be removed or/destroyed, until final payment for said
lands. And furthor that ..ZX.X. .'.will punctually pay said sums of money above specified, as each of the same becomes due;
and that Z,..Z. will regularly and seasonably pay all Buch taxes and assessments as may be lawfully imposed upon said
premises. And if tlie said party of the second part fails to pay the said taxes and assessments before the same become delinquent, the
Ii, nt. party may pay the same, and tho amount so paid shall be immediately due from the second party as part of the purchase money
,,l the naiil land, and shall draw interest at the rate of eight per cent, per annum until paid, but the payment of any tax by the
Iii sf party shall not be a waiver of the forfeiture or the right to declare or enforce the forfeiture for the non-payment by the party of the
peoond part, of suoh taxes, or for any other default.,? yp
And in oase the Baid second party, ...ZX^y^a. legal representatives, or ...^AeZ.—^Ag. assigns, shall pay the
several suniB of money aforesaid, punctually and at the several times above limited, and shall strictly and literally perform all and
singular the agreements and stipulations aforesaid, after their true tenor and intent, then the first party will make unto the said
second party,. ___>_ —___'i- heirs or assigns (upon request at the office of Close Bros. & Co., at Chicago, 111., and the surrender
of this contract), a deed conveying snid premises in fee simple with the ordinary covenants of warranty, excepting, however, such
Incumbrances aH may be placed thoreon by the location of public highways, railroads, or other public use, or from taxes becoming
due after date of this contraot, or that may attach thereto by reason of some act or thing done or suffered by the party of the
second part.
Hut in enso tho second party shall fail to make the payments nforesaid, or any of them, punctually and upon the strict terms
and times aliove limited, and HkewiBO to perform and complete all and each of the agreements and stipulations aforesaid, strictly
and literally, without any failure or default, the time of payment being the essence of this contract, then the party of the first
part shall have the right to declare this contract null and void, and all right and interest hereby created or then existing in favor
of tlie second party, or derived under this contract, shall utterly cease and determine, and the premises hereby contracted shall
revert to and revest in said firBt party (without any declaration of forfeiture, or act of re-entry, or without any other act by said
lirHt party to bo porformed, and without any right of said seoond party of reclamation or compensation for moneys paid and
Improvements made), as absolutely, fully and perfectly as if this contract had never been made. And if in case of default of any
of the conditions or payments above mentioned, the party of the first part shall commence any action or legal proceedings either
to enforce the forfeiture or foreclose the interest of the party of the second part, or collect the amount due thereon, or to obtain
possession of snid premiBOB, or restrain tho removal of any improvements therefrom, the Baid party of the second part hereby agrees
to pay a reasonable attorney's fee for the commencement or prosecution of such action, and the same shall be assessed and taxed
by the court, and the party of tho first part Hhall have judgment therefor, to be paid or collected the Bame as the purchase price
of the land.
And it is further stipulated that no assignment of the premises shall be valid unless the same shall be endorsed hereon, or
permanently nttaohed hereto, and approved by the first party, (for which purpose this contract must be sent to th_ office of
Close BroB. t& Co., Chicago, 111.) and that no agreements or conditions or relations between the second party and --r______r_f_
iiHHigiiH, or any other porson acquiring title or interest, from or through -^_z^--^-^r?__r7___._shall preclude the first party from the
right to convey the premises to said second pnrty, or ..Zr..r..y. assigns, on the surrender of this agreement and the payment, of the unpaid portion of tlio purchase money which may bo due to the first party.
In Witness of which the said parties have oaused these presents to be executed and delivered in duplicate, the day and year
above written. y
Witness-
^> \ yx yrc /SOUTH MINNESOTA LAND CO,. Ld,
.S^^yx^yyyy^*?-.z.■.y:..^zh>mQ..T7?Z'."
FACT.
■ I'nrabaser will be entitled i„ I dee, when one-third „t purchase money Is pnid, and notes secured by mortgage bearing interest at eight per cent per
In 11 in payable annually, arc given toi ilic balance, Bald mortgage to be a tir-t lien on the premises